In Exercises 55 − 58 , use the following information: After examining their clients records. Crashorama Auto Insurance calculated the probabilities in Figure 3.16. Miles/year<10000 1000<Miles/year<20000 20000<Miles/year Accident 0.05 0.10 0.3 Non-Accident 0.20 0.15 0.2 Figure 3.16 Crashorama Accident Incidence. a. Find the probability that a client drives either less than 10000 miles/year or 20000 miles/year or more. b. Find the probability that a client both has an accidents and drives either less than 10000 miles/year or 20000 miles/year or more.
In Exercises 55 − 58 , use the following information: After examining their clients records. Crashorama Auto Insurance calculated the probabilities in Figure 3.16. Miles/year<10000 1000<Miles/year<20000 20000<Miles/year Accident 0.05 0.10 0.3 Non-Accident 0.20 0.15 0.2 Figure 3.16 Crashorama Accident Incidence. a. Find the probability that a client drives either less than 10000 miles/year or 20000 miles/year or more. b. Find the probability that a client both has an accidents and drives either less than 10000 miles/year or 20000 miles/year or more.
Solution Summary: The author explains how Crashorama Auto Insurance calculated the probabilities and the probability that a client drives less than 10000 or 20000 miles/year or more.
In Exercises
55
−
58
, use the following information: After examining their clients records. Crashorama Auto Insurance calculated the probabilities in Figure 3.16.
Miles/year<10000
1000<Miles/year<20000
20000<Miles/year
Accident
0.05
0.10
0.3
Non-Accident
0.20
0.15
0.2
Figure 3.16 Crashorama Accident Incidence.
a. Find the probability that a client drives either less than
10000
miles/year or
20000
miles/year or more.
b. Find the probability that a client both has an accidents and drives either less than
10000
miles/year or
20000
miles/year or more.
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Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License